Fiscal 2026 at a glance
In fiscal 2026 (the year to 31 January 2026), Walmart reported revenue of $706.4B, up 4.7% from fiscal 2025, and net income of $21.9B (a net margin of 3.1%).
Diluted earnings per share were $2.73.
Operating activities generated $41.6B of cash; after $26.6B of capital expenditure, free cash flow was $14.9B.
From fiscal 2017 to fiscal 2026, revenue went from $481.3B to $706.4B, a compound annual growth rate of 4.4%.
Revenue and earnings
| Fiscal year | Revenue | Growth | Net income | Net margin |
|---|---|---|---|---|
| FY202631 Jan 2026 | $706.4B | +4.7% | $21.9B | 3.1% |
| FY202531 Jan 2025 | $674.5B | +5.0% | $19.4B | 2.9% |
| FY202431 Jan 2024 | $642.6B | +6.1% | $15.5B | 2.4% |
| FY202331 Jan 2023 | $605.9B | +6.7% | $11.7B | 1.9% |
| FY202231 Jan 2022 | $567.8B | +2.3% | $13.7B | 2.4% |
| FY202131 Jan 2021 | $555.2B | +6.8% | $13.5B | 2.4% |
| FY202031 Jan 2020 | $519.9B | +1.9% | $14.9B | 2.9% |
| FY201931 Jan 2019 | $510.3B | +2.9% | $6.7B | 1.3% |
| FY201831 Jan 2018 | $495.8B | +3.0% | $9.9B | 2.0% |
| FY201731 Jan 2017 | $481.3B | — | $13.6B | 2.8% |
Cash flow and balance sheet
| Fiscal year | Operating cash flow | Capital expenditure | Free cash flow | Cash | Total assets |
|---|---|---|---|---|---|
| FY202631 Jan 2026 | $41.6B | $26.6B | $14.9B | $10.7B | $284.7B |
| FY202531 Jan 2025 | $36.4B | $23.8B | $12.7B | $9.0B | $260.8B |
| FY202431 Jan 2024 | $35.7B | $20.6B | $15.1B | $9.9B | $252.4B |
| FY202331 Jan 2023 | $28.8B | $16.9B | $12.0B | $8.6B | $243.2B |
| FY202231 Jan 2022 | $24.2B | $13.1B | $11.1B | $14.8B | $244.9B |
| FY202131 Jan 2021 | $36.1B | $10.3B | $25.8B | $17.7B | $252.5B |
| FY202031 Jan 2020 | $25.3B | $10.7B | $14.6B | $9.5B | $236.5B |
| FY201931 Jan 2019 | $27.8B | $10.3B | $17.4B | $7.7B | $219.3B |
| FY201831 Jan 2018 | $28.3B | $10.1B | $18.3B | $6.8B | $204.5B |
| FY201731 Jan 2017 | $31.7B | $10.6B | $21.1B | $6.9B | $198.8B |
How these figures are built
- Figures as reported in Walmart’s annual reports (Form 10-K), in US dollars, read from the SEC’s XBRL data. When a later report restates a year, the latest filed figure is shown.
- Free cash flow = operating cash flow − capital expenditure (purchases of property and equipment), computed by InvestIQ. Net margin = net income ÷ revenue. Compound annual growth rate: between the first and the last year of the table.
- Earnings per share are given for the latest fiscal year only: the SEC keeps each year as first filed, before any later stock split.
- Data extracted on 7 November 2026, updated after each annual report.
XBRL tags used
- Revenue
- us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
- Net income
- us-gaap:NetIncomeLoss
- Operating cash flow
- us-gaap:NetCashProvidedByUsedInOperatingActivities
- Capital expenditure
- us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
- Diluted earnings per share
- us-gaap:EarningsPerShareDiluted
- Total assets
- us-gaap:Assets
- Cash and equivalents
- us-gaap:CashAndCashEquivalentsAtCarryingValue
Latest filings
Questions
What was Walmart’s revenue in fiscal 2026?
$706.4B for the fiscal year that ended on 31 January 2026, as reported in its 10-K annual report filed with the SEC (+4.7% year on year).
Is Walmart profitable?
In fiscal 2026, Walmart reported net income of $21.9B, a net margin of 3.1%. It reported a net profit in 10 of the last 10 fiscal years.
How much free cash flow does Walmart generate?
$14.9B in fiscal 2026, against $12.7B in fiscal 2025: operating cash flow ($41.6B) minus capital expenditure ($26.6B), two reported figures that InvestIQ subtracts.
When does Walmart’s fiscal year end?
Walmart’s fiscal year ends in January. The latest reported fiscal year ended on 31 January 2026.
Where do these figures come from?
From Walmart’s 10-K annual reports, through the SEC’s XBRL data (CIK 0000104169). They are the reported figures, in US dollars, not adjusted. This page gives no price, valuation, score or opinion.
Other companies
Reported figures, for information only. No price, valuation, score or opinion. Not investment advice.